Small-business social media use has become a barometer of our times for industry analysts who are eager to gauge the impact the economy and new technologies have on the way small firms do business.
And despite a few sluggish years, the latest data suggests that small businesses are turning to social media in droves in an effort to increase sales (source: Forbes and Manta). The problem is, no matter how much time they spend, some small businesses are not reaping rewards.
Are you thinking about starting a business? One of the first things you will need is a business plan.
Business plans are essential in helping entrepreneurs prepare, manage and direct their businesses, however, creating a plan can be intimidating and time consuming. It’s also hard to even know where to start.
As a part of SBA’s mission to help small businesses grow and succeed, the agency has created a Business Plan Tool which helps simply the process. The tool consists of eight steps which include:
1. Cover page [Company name, address, phone and logo]
For American small and medium enterprises (SMEs), the European Union is one of the most lucrative markets, with more than 94,000 American small businesses currently contributing to more than $630 billion in U.S. – E.U. trade.
Money is the lifeline of any business, so whether you’re starting a business or running an existing one, securing financing is a major factor, especially for small businesses. Many budding entrepreneurs find the task daunting and don’t even know where to begin.
Here’s a simple yet practical guide on how to go about preparing to apply for a small business loan.
1. What criteria do banks look for in making small business loans?